---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-115369"
form_type: "8-K"
ticker: "VICR"
cik: "0000751978"
company_name: "VICOR CORP"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:35:40.928820+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Vicor Q1 revenue up 10.8% YoY to $97.8M, EPS $0.25; backlog drops 36% YoY

## Summary
- Revenue $97.8M, up 10.8% YoY; net income $11.2M ($0.25 diluted EPS) vs $5.0M ($0.11) a year ago.
- Gross margin improved to 47.6% from 42.6% a year ago; operating cash flow $10.1M.
- Backlog fell 36% YoY to $271.3M; bookings weak until AI OEMs adopt advanced power distribution.
- Automotive progress with 4G modular solutions up to 150kW; production ramps expected starting 2025.
- First ChiP foundry completion imminent; 5G FPA for scalable vertical PDNs for AI systems.

## SEC filing metadata
- accession: 0001193125-23-115369
- form_type: 8-K
- ticker: VICR
- cik: 0000751978
- company_name: VICOR CORP
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751978/000119312523115369/0001193125-23-115369-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751978/000119312523115369/d484570d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-115369
- JSON: https://secwatch.observer/filing/0001193125-23-115369.json
- Plain text: https://secwatch.observer/filing/0001193125-23-115369.txt

## Key facts
- Earnings Releases
  VICOR CORP reported the first quarter ended March 31, 2023 results: revenue $97.8 million, net income $11.2 million, EPS $0.25 per diluted share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $97.8 million
  - Net income: $11.2 million
  - EPS: $0.25 per diluted share
  - Result: reported results
  source text: Revenues for the first quarter ended March 31, 2023 totaled $97.8 million, a 10.8% increase from $88.3 million for the corresponding period a year ago, and a 7.3% sequential decrease from $105.5 million in the fourth quarter of 2022. Gross margin increased to $46.5 million for the first quarter of 2023, compared to $37.6 million for the corresponding period a year ago, and decreased sequentially from $49.1 million for the fourth quarter of 2022. Gross margin, as a percentage of revenue, increased to 47.6% for the first quarter of 2023, compared to 42.6% for the corresponding period a year ago, and from 46.6% for the fourth quarter of 2022. Net income for the first quarter was $11.2 million, or $0.25 per diluted share, compared to net income of $5.0 million or $0.11 per diluted share, for the corresponding period a year ago and net income of $8.1 million, or $0.18 per diluted share, for the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/751978/000119312523115369/0001193125-23-115369-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.